1227 E 11th AVE, Anchorage, AK 99501
1227 E 11th AVE, Anchorage, AK 99501
1227 E 11th AVE, Anchorage, AK 99501
1227 E 11th AVE, Anchorage, AK 99501
1227 E 11th AVE, Anchorage, AK 99501
1227 E 11th AVE, Anchorage, AK 99501
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Tim Chi

Tim Chi

+1(425) 985-9071
$ 599,000
Est. payment | /mo

7 Beds

7 Baths

3,640 SqFt

Save
$ 599,000
Est. payment | /mo
Save

7 Beds

7 Baths

3,640 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,640 sqft

Price per Sqft $164

MLS Listing ID 26-6779

Bedrooms 7

Full Baths 7

Construction Status Existing Structure

Year Built 1958

Lot Size 7,000 Sqft

Acres 0.16

Source Alaska Multiple Listing Service

Property Description

Income-Producing 7plex! Quiet, low traffic area of Fairview. Ranch style, private entry units. Price includes a credit for a roof restoration (functional roof, just older). Boiler not original, serviced annually. W/D onsite, off-street parking. Fully occupied, and professionally managed. Tenants pay electric. Building shares dumpster with neighbor, low waste bill All units are 1bed/1bath. Some have had new laminate flooring & paint. Some kitchen & bathroom updates over the years; some units older and in need of repair. Building in general needs TLC, hence the price. Relatively easy to lease, tandem parking spaces in front of the units, paved driveway. Ample off-street parking in that area. Market rents are $1350. Electric is separate. Currently 100% occupied, 1 unit vacating in June. 24 hour notice to show, LA to be present. Exterior photo is from last year, needs some fascia repair and painting; paint pealing. Fred with Sourdough Roofing replaced a significant portion of the roof in 2018-2020. Recent inspection shows roof is nearing end of life per inspection and also needs a slope added to prevent standing water; Alaska Roof Restoration inspected in May '26, and offered a $45K quote for a full silicone restoration. Full replacement bids came in at $65K on average. Seller offering $45K credit at closing. See inspection & Invoice on foundation repair.

Location

State AK

Area 5 - Downtown Anchorage

Zoning R3 - Multiple Family Residential

Direction From 15th Ave, north on Medfra, TL on 11th. Property on right.

Interior

Heating Baseboard, Natural Gas

Flooring Laminate

Exterior

Waterfront Description None

Water Access Desc Public

Roof Type Bitumen/Torch Down

Building

Foundation Block

Lot Size Range 0.16

Sewer Public Sewer

Water Public

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Fairview

Middle Schools Central

High Schools West Anchorage

Others

Tax ID 0031150400001

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Tim Chi
Tim Chi

Agent | License ID: 209627

+1(425) 985-9071

3705 Arctic Blvd #1312 Anchorage, Anchorage

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1227 E 11th AVE